1

Internship R Programming Language Jobs in Illinois

... internships or coop experience) * Knowledge of at least one modern programming language * Familiarity with Gitbased version control and CI/CD concepts * Strong interest in AI, automation, and modern ...

about our internship program: The fairlife Summer Internship Program is designed to welcome interns ... Foundational knowledge of Python, R, or SQL for data analysis and scripting * Familiarity with ...

Lead/mentor other Data Scientists, interns, and other technical work teams * Make strategic ... Experience with at least one statistical programming language: SAS, R, and/or Python Other Things ...

next page

Showing results 1-20

Internship R Programming Language information

What are the key skills and qualifications needed to thrive as an R Programming Language Intern, and why are they important?

To thrive as an R Programming Language Intern, you need a solid understanding of R syntax, data manipulation, and basic statistical concepts, often supported by coursework or relevant project experience. Familiarity with tools like RStudio, version control systems such as Git, and packages like dplyr and ggplot2 is typically expected. Strong problem-solving skills, attention to detail, and the ability to communicate findings clearly help interns stand out. These skills are vital for producing reliable analyses, collaborating effectively, and contributing to data-driven decision-making within an organization.

What types of projects or tasks can I expect to work on during an R Programming Language internship?

As an R Programming Language intern, you'll typically be involved in data analysis, statistical modeling, and creating data visualizations using R. You may work on cleaning and preparing datasets, developing scripts to automate data processing, or assisting with research projects that require statistical analysis. Collaboration with data scientists, analysts, or research teams is common, and you'll likely have opportunities to present your findings or contribute to reports. This hands-on experience can help you build a strong foundation in data science and analytics, preparing you for more advanced roles in the field.

What is an Internship in R Programming Language?

An Internship in R Programming Language is a temporary position designed for students or recent graduates to gain practical experience using R, a popular language for statistical computing and data analysis. Interns typically work on real-world projects involving data manipulation, statistical modeling, and data visualization under the supervision of experienced professionals. These internships help participants develop valuable technical skills, enhance their resumes, and network within the industry. They are often available in sectors like finance, healthcare, technology, and academia, where data-driven decision-making is crucial.

What is the difference between Internship R Programming Language vs Data Analyst?

AspectInternship R Programming LanguageData Analyst
Required CredentialsBasic programming skills, often pursuing or recent graduatesBachelor's degree in related field, some certifications
Work EnvironmentInternship setting, entry-level projectsFull-time or part-time professional role
Industry UsageUsed for data analysis, visualization, and statistical tasksAnalyzes data, creates reports, supports decision-making

Internship R Programming Language focuses on learning and applying R skills in a temporary, entry-level setting, often as part of an internship. Data Analysts use R among other tools to perform ongoing data analysis in a professional environment. While internships are training roles, Data Analysts are full-time professionals with broader responsibilities.

What are the most commonly searched types of R Programming Language jobs in Illinois? The most popular types of R Programming Language jobs in Illinois are:
What cities in Illinois are hiring for Internship R Programming Language jobs? Cities in Illinois with the most Internship R Programming Language job openings:
Infographic showing various Internship R Programming Language job openings in Illinois as of May 2026, with employment types broken down into 3% Internship, 76% Full Time, 16% Part Time, 1% Temporary, and 4% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution.
Principal, Quantitative Risk Management

Principal, Quantitative Risk Management

The Options Clearing Corporation

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 23 days ago


Job description

What You'll Do:
This role is responsible for leading project development, implementation, testing and maintenance of models used for margin, clearing funds and stress testing. The range of responsibilities varies depending on his/her focus within QRM, that includes research and development of significant model features, leading prototype development and testing, designing tools for model performance monitoring, managing or providing technical leadership for model prototypes, implementing and supporting integration of model code library into OCC risk systems. This role will work closely with risk managers in Financial Risk Management and partners in other areas, including Information Technology, Model Validation, and Compliance.
Primary Duties and Responsibilities:
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
  • Lead, support and review development and implementation of models for pricing, margin risk and stress testing of financial products and derivatives
  • Provide analysis of new products and support their implementation at OCC
  • Research and present model alternatives based on academic literature, industry best practices, data analysis and model prototyping
  • Produce high quality whitepapers and technical documentation following QRM's procedures and templates
  • Develop standards, procedures and tools for model performance monitoring and communicate results to peers and leadership
  • Lead and direct implementation of the model development tools in QRM supporting model analysis and backtesting
  • Lead and direct implementation of the model analytics in the QRM Library
  • Partner with IT and other departments delivering QRM analytics to production
  • Provide production support, participate in troubleshooting and analysis of model, system and data issues
  • Lead remediation of Model Validation or regulatory findings
  • Prepare and present materials supporting management and regulatory inquiries
  • Provide intellectual leadership promoting innovation and learning

Supervisory Responsibilities:
  • None

Qualifications:
The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.
  • [Required] Financial mathematics (derivatives pricing models, stochastic calculus, statistics and probability theory, advanced linear algebra)
  • [Required] Econometrics, data analysis (e.g., time series analysis, GARCH, fat-tailed distributions, copula, etc.) and machine learning techniques
  • [Required] Numerical methods and optimization, Monte Carlo simulation and finite difference techniques
  • [Required] Risk management methods (value-at-risk, expected shortfall, stress testing, backtesting, scenario analysis)
  • [Required] Financial products knowledge: seasoned level in understanding of markets and financial derivatives in equities, interest rate, and commodity products
  • [Required] Seasoned level in programing skills
  • [Required] Advanced proficiency in using a programming language (e.g., Java, C++, Python, R, MATLAB, etc.) in a collaborative software development setting. Model development and prototyping require advanced development skills in Python and data mining
  • [Required] Strong problem-solving skills and be able to accurately identify a problem's source, severity, and impact to determine possible solutions and needed resources
  • [Required] Ability to challenge model methodologies, model assumptions, and validation approach
  • [Required] Seasoned level in technical and scientific documentation (e.g., whitepapers, user guides, etc.)

Technical Skills:
  • [Required] Expert in database technology, query languages (such as SQL), and efficient storage and serialization protocols
  • [Required] For model development and prototyping role: expert in a scripting language such as Python, R or MATLAB
  • [Required] Experience with numerical libraries and/or scientific computing including numerical optimizers (e.g. NAG, MATLAB)
  • [Required] Experience with automated testing frameworks (e.g., Junit, TestNG, PyTest, etc.)
  • [Required] Experience with CI/CD and DevOps tools (e.g., Git, GitHub and various profiling and telemetry tools) is required for model implementation and application development
  • [Required] Experience with high performance computing, distributed computation engines and cloud computing
  • [Required] Seasoned level in office technology such as PowerPoint, Confluence, Latex, Word, and Excel

Education and/or Experience:
  • [Required] Master's degree or equivalent in a quantitative field such as computer science, mathematics, physics, finance/financial engineering
  • [Preferred] PhD degree in one of the above fields
  • [Required] 10+ years of experience of quantitative research and/or model implementation in finance
  • [Required] 2+ years of experience in leading projects

Certificates or Licenses:
  • [Required] 2+ years of experience in leading projects

About Us
The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.
Benefits
A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:
  • A hybrid work environment, up to 2 days per week of remote work
  • Tuition Reimbursement to support your continued education
  • Student Loan Repayment Assistance
  • Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
  • Generous PTO and Parental leave
  • 401k Employer Match
  • Competitive health benefits including medical, dental and vision

Visit https://www.theocc.com/careers/thriving-together for more information.
Compensation
  • The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
  • In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
  • We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
  • All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.

Salary Range
$177,300.00 - $288,400.00
Incentive Range
23% to 30%
This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range). The amount of such award, if any, will be based on various factors, including without limitation, both individual and company performance.
Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.

Step 2
You will receive an email notification to confirm that we've received your application.

Step 3
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.

For more information about OCC, please click here.
OCC is an Equal Opportunity Employer